Referring to my last analysis of this pair (Where will it end?) 5 days ago, where I was looking for buylimits at lower levels, it seems to me that this right here is worth a try to go long with the 61.8% Fib-Retracement in the back as support. YES, it does not look like a very trustworhty situation but which spot does at the beginning of a expected counter reaction? Anyway, I trust the two shadows and the Fib-Linie. Unfortunately, Momentum is not yet positive but it seems to me that it will show some sign of life during the day. Watch the Dollar Index
, as it is sitting around 80 and I guess there will be resistance for the Dollar ahead. I am going long right here as I can calculate my risk and the chart tells me pretty clear and fast where I am wrong if it happens to be so.